Venture Capital Firm Kaszek Ventures Raises $1B To Invest In Latin American Tech Based Startups: Bloomberg

Venture capitalist Hernan Kazah explores options to invest the $1 billion raised by his firm Kaszek Ventures to tap the pandemic induced demand surge for the tech companies, Bloomberg reports.
The firm opted for Latin America’s most prominent venture capital round after identifying multiple investment opportunities following the pandemic.
Initially, the companies had to adjust. But the firm noted growing demand after one and a half months leading to multiple investment ideas.
Last year, investors invested over $4 billion into the hardest pandemic hit Latin American startups for a second consecutive year. The Q1 investments are estimated to cross $2 billion.
Kaszek aims to invest $475 million in early-stage startups. It plans to incur the remaining $525 million for a fund catering to its portfolio. The funds were several times oversubscribed, with global demand including strong interest from Asian institutions and Latin American investors.
The investors included Wesleyan University and Sequoia Heritage.
The firm’s track record of picking winners, with at least nine unicorns in its portfolio, could partially explain the rising demand. It includes investments in Brazilian fintech Nubank valued at $30 billion after receiving an investment from Berkshire Hathaway, Mexican used car platform Kavak and real estate firm Quinto Andar.
Kaszek aims to invest in technology-dominated companies, being bullish on fintech, e-commerce, and education companies.
It will also focus on Brazil, Mexico, and Colombia.
Kazah expects multiple companies from Kaszek’s portfolio to go public in the future.

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